Page 2 - Havells India

Polycab India Q3 profit rises 15.4% on healthy cables, wires demand

Consolidated net profit rose to 4.13 billion rupees ($49.7 million) in the three months ended Dec. 31 from 3.58 billion rupees a year earlier

DRI conducts search operation at Havells India corporate office in Noida

The Directorate of Revenue Intelligence (DRI) has conducted a search operation at the headquarters of Havells India, a leading manufacturer of electrical goods and appliances. DRI acts as the lead agency to check smuggling and cases of commercial fraud. "The Directorate of Revenue Intelligence has conducted a search at the Corporate office of the Company viz. Havells India Limited in Noida, which concluded this morning on 4th November 2023 at around 2:20 am," Havells India said in a regulatory filing. The search was conducted over "alleged mis-classification in import of Heating Element," the company said. According to the company- which operates in the consumer electrical and appliances market with brands such as Havells, Lloyd, Crabtree, Standard and REO - its impact on financial, operation or other activities on the company cannot be quantified at this point in time. However, it said, "in the preliminary assessment, we understand that it will not have any material impact on ...

Havells Q2FY24 result: Consolidated net profit jumps 33% YoY to Rs 249 cr

The revenue from operations for Q2FY24 came in at Rs 3,900.33 crore, compared to Rs 3,679.49 crore year-on-year

Havells Q1FY24 result: Net revenue up 14% YoY; disrupted summer drags sales

Ebitda increases by 11% YoY but goes down by 24% QoQ; LLoyd witnesses steady growth

Havells clarifies after CMD's Rs 28 cr salary questioned by shareholders

According to a regulatory filing by the company, the shareholders had sought clarification at the upcoming AGM of the company on June 27, 2023

Analysts see more upside in consumer appliance stocks as temperatures soar

White goods stocks: With the mercury currently on the boil, analysts remain bullish on the sector as they see more upside over the near-term and advise investors to pick stocks selectively

Stocks to Watch: Tata Consumer, NTPC, RVNL, GMR Airports, Havells, SKF

Stocks to Watch: Tata Consumer Products ceased negotiations with Bisleri for a potential acquisition. It said no definitive agreement or binding commitment has been signed on this matter

Ahead of searing summer, analysts bet on consumer appliance stocks

Analysts expect a rise in demand for air conditioners, coolers, fans and refrigerators to help related companies clock firm sales following the post-Diwali slump due to inflationary pressures

Havells India Q3 net dips 7.3% to Rs 283.52 cr on higher raw material costs

The cost of raw materials and components consumed stood at Rs 2,321.99 crore compared to Rs 2,089.59 crore in the year-ago period, the company said

Havells Studio Meditate air purifier launched in India: Price, specs & more

Maiden air purifier under the Havells' Studio line, the Meditate is priced at Rs 64,900. It will be available on e-commerce platform Amazon in silver satin colour

Havells Q2 net profit dips 38% to Rs 187 cr, revenue rises 13.6%

Havells India Ltd on Wednesday reported a 38.15 per cent decline in its consolidated net profit to Rs 187.01 crore for the second quarter ended on September 30, 2022, as commodity inflation hit its margins. The consumer electrical goods maker company had posted a consolidated net profit of Rs 302.39 crore in the July-September quarter a year ago, Havells said in a regulatory filing. Havells' revenue from operations rose by 13.63 per cent to Rs 3,679.49 crore during the period under review as against Rs 3,238.04 crore in the corresponding period last fiscal. Its total expenses were at Rs 3,471.57 crore, up 21.10 per cent during the second quarter of FY 2022-23 as against Rs 2,866.54 crore. Havells India Chairman and Managing Director Anil Rai Gupta said: "Decent revenue growth considering the inflationary environment. Margins adversely impacted due to commodity cost fluctuation." "We believe that margins have hit the trough and are expected to improve hereon. The demand outlook rem

Havells to invest Rs 130 cr to expand washing machine production capacity

Electrical goods and appliance maker Havells on Wednesday said it is planning to expand washing machine production capacity at its Rajasthan's Ghiloth plant, where it will invest Rs 130 crore. This expansion would be financed through internal accruals, said Havells in a regulatory filing. The Ghiloth plant already has the capacity to roll out 3 lakh units per annum and the company plans to add an additional capacity of 3.8 lakh units per annum. The proposed capacity addition would be done by June 30, 2023, it added. Established in 2018, Havells Ghiloth is spread over 2,02,343 square metres and primarily manufactures air conditioners under the brand Lloyd. On Wednesday, Havells said it is now beginning to set up a cable manufacturing unit at Tumakuru in Karnataka for a proposed annual capacity of 3,48,000 kilometer with an estimated investment of Rs 300 crore. "The entire investment will be funded through internal accruals. The production at the proposed unit at Tumakuru is expect

Lower margins weigh on Havells' Q1 performance as input, staff costs surge

Even as the trend is seen continuing in Q2 before reversing in the second half, analysts are positive on the company

Stocks to Watch Today: Wipro, IndusInd Bank, Adani Enter, CEAT, Sonata, SBI

Stocks to Watch Today: CRISIL, GSFC, Hindustan Zinc, JSW Energy, Mphasis, PVR, RBL Bank and SRF to announce Q1 results on Thursday.

Havells Q1 net profit rises 3% to Rs 243 crore; revenue jumps 63%

Havells India Ltd on Wednesday reported an increase of 3.13 per cent in consolidated net profit to Rs 243.16 crore for the June quarter as margins were impacted due to commodity cost fluctuation.

Sensex up 630 pts, Nifty atop 16,500; ONGC, RIL, Infy, TCS top contributors

Stock market live updates: At 7:25 AM, the SGX Nifty Futures quoted at 16,512 levels, indicating a gap-up of 172 odd-points.

Stocks to Watch: RIL, HUL, ONGC, NTPC, Ambuja, HDFC Life, Grasim, Vedanta

Stocks to Watch Today: CEAT, Havells, IndusInd Bank, Mastek, OFSS, RIIL, Syngene International, Tata Communications and Wirpo to announce Q1 results on Wednesday.

Street Signs: Market uptrend, short covering in Tata Motors, and more

Nifty has not gained for more than three weeks in a row since mid-January 2022

No respite in material and supply chain costs in near term, says Havells

There will be no respite from inflationary pressure on raw material and supply chain costs in the near term, and this could create pressure on the customer's wallet, Havells India CMD Anil Gupta said.

Hope of demand recovery drives gains for Havells' stock

Margin performance will be an additional trigger going ahead